These penalties were linked to allegations that the petitioner accepted and repaid loans in cash, surpassing the statutory limits The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench directed…
The Karnataka High Court collectively disposed of 31 Appeals through the same Judgment The Karnataka High Court in a recent Judgment disposed of 31 Central Excise Appeals pertaining to the…
Considering AO’s improper verification and not providing adequate opportunity for a hearing, ITAT remanded the matter. The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded…
The Central government’s GST circular can only be applicable to the Central GST and not to the State GST unless the said circular is adopted by the State Government by…
Under the amended Rule 8 of the CGST Rules, 2017, applicants will now be identified on the common portal through a combination of data analysis and risk parameters The Goods…
Notably, the SCN did not propose the retrospective cancellation In a notable decision, the Delhi High Court, has limited the retrospective effect of the cancellation of Goods and Services Tax…
The GST Act requires that assessments be conducted by a "proper Officer," a designation that the Commissioner can assign in accordance with Section 2(91) of the TNGST Act In a…
The SIT, which was constituted under the directive of the Supreme Court, has been investigating various aspects of illicit funds The Special Investigation Team (SIT) on black money is expected…
The summons typically demand information about the year of opening foreign accounts, residency status during that period, and passport copies dating back to the inception of these accounts The Income…
The fraudster used GST Registration documents to open fictitious companies and issue counterfeit invoices In a shocking case of fraud, a man named Aftab Memon was arrested in Mumbai for…